Day: April 1, 2018

Benefits of Investing in the Stock Market

Robbie Serrano
graph

The Bolsa de valores has provided a very lucrative avenue for many people to invest and accumulate wealth across the globe. As an individual intending to generate riches, you should know that buying of shares is equally profitable and lead to higher returns than other forms of investment. You only need to know what you are doing and do it diligently, and then you will reap high returns from this business opportunity. Benefits abound when you choose to invest your money in the stock market provided you have learned how to invest.

High returns

high returnsThe stock market has very profitable prospects that one can take advantage of to generate wealth in the shortest time possible. Other investment opportunities like CDB and saving accounts do not yield high returns compared to the stock market. You only have to study the market dynamics such as inflation, interest rates, and economic growth to establish risky industries and sectors that are doing very well. Once you have identified the best companies to buy shares from, you have an upper hand in yielding greater earnings.

Low risks

Investing in the stock market is associated with some losses if you do not make an accurate analysis of the market. However, the stock market is one of the investment opportunities today that have the lowest risk because you have the chance to diversify your portfolio of stocks from different industries. Once you have expanded your investment, you will receive varied incomes from them, which minimizes the chances of you losing your entire investment. Consequently, the diversification enables you to reduce the risks involved in business considerably.

Lower income tax rate

The market segment attracts minimal income tax rate from the proceeds you receive each time you sell your appreciated stocks for profit or receive dividends from your shares. The percentage of income tax charged on the revenue from the stock market is considerably low, which informs the reason for high profitability involved.

Simple procedure

procedureAs an investor, you do not want to engage in a tedious process that will consume your time unnecessarily. Therefore, the stock market gives you the most straightforward way of investment that will not bog you down. You only have to identify a competent and reliable stockbroker; open an investment account, and then you deposit your initial investment depending on the amount of money you want to invest.  Going forward, you just instruct your stockbroker to invest in the right shares on your behalf as you wait for the yields. Moreover, investing in the stock market does not involve much of your time as an investor.

 

 

 

5 Tips on how to get cheap car insurance

Robbie Serrano

umbrellaAre you a young driver and you are looking for an affordable car insurance in Toronto? Many young drivers usually think that it is actually impossible to find a cheap car insurance but that is not true.

There are many things that you can do to bring your car insurance costs down. In this article we are going to give you tips on how to get cheap car insurance toronto.

  1. Steer clear of car modifications.

Car modifications such as body kits or alloy wheel usually appeal to young drivers. If you want to get the cheap car insurance in Toronto, you are advised to avoid making too much modifications on your car. This is because such modifications can increase your premiums by hundreds of dollars. If you are absolutely determined to modify your car then you should do so with cheaper accessories so as to lower premium cost.

  1. Pay per year not per month.

It is usually much cheaper to pay your premiums per year rather than paying monthly. By paying your premiums on a yearly basis, you will greatly save a substantial amount of money that is usually charged on monthly interest rates.

  1. Consider increasing your excess.

Do you know that when you choose to pay higher voluntary excess than what has been quoted by the company can really help to reduce the cost of your insurance? However, only use this option if you are sure that you can actually afford to pay excess.

  1. Choose company that offers the cheapest car insurance.

Most young drivers usually end up paying higher premiums for their car insurance simply because they don’t make an effort of looking for a company that offers the cheapest car insurance in Toronto. Before you make your final choice, ensure that you compare prices that various insurance company in Toronto charge and choose one that offers the best option at cheap price.

  1. Limit risk and increase security.

Adding extra security features to your car such as immobilizer or an alarm can really help you reduce cost of your car insurance cover. In addition to that, the way you take care of your car really help to lower your car insurance cost. For instance, parking your car in a garage instead of leaving it on the street overnight can help reduce your insurance cost because the insurance company will see that you have actually taken an extra step to reduce risk.

In conclusion, getting a cheap insurance cover for your car in Toronto is not difficult. By following the above mentioned tips, there is no doubt that you will get the cheapest car insurance in Toronto.